Poor families pay bigger share of their income in taxes than wealthy families (student loan, borrow)

[Petunia 100]

Originally Posted by SarasotaBound1

So you are telling me that those making 50k and living paycheck to paycheck are rich?

Yes, folks living under the bridge are poor and die younger. That is the poor you are referring to. But the average salary is 50k in the U.S. and most of them live paycheck to paycheck. Those people are poor, retire poor, and live 16 years on average.

Again, the poor are the majority and drive the average.

Living paycheck to paycheck is not "poor"; it's money mismanagement.

Poor is working all day long and not earning enough for a day's worth of calories.

Poor is no public education; if you can't pay, your children will receive no education.

Poor is no public health care; if you can't pay, you suffer and/or die.

Poor is no public food assistance; if you can't pay for food, you starve.

There are a billion people on this planet living on less than $1 per day; that's poor.

[Petunia 100]

Originally Posted by Driller1

Yep......I pay cash.

He was "singing" the old Tennessee Ernie Ford hit "Sixteen Tons".

You load 16 tons, and what do ya get?
Another day older and deeper in debt
St. Peter don't 'cha call me cuz I can't go
I owe my soul to the company store

[mkpunk]

Originally Posted by Driller1

I have posted that in the past.

BTW........1099's are not from employer.........they are given to private contractors.

I know 1099's are for "independent contractors," though there are some that are used to skirt tax laws like say WWE.

[freemkt]

Originally Posted by Petunia 100

Living paycheck to paycheck is not "poor"; it's money mismanagement.

Poor is working all day long and not earning enough for a day's worth of calories.

Poor is no public education; if you can't pay, your children will receive no education.

Poor is no public health care; if you can't pay, you suffer and/or die.

Poor is no public food assistance; if you can't pay for food, you starve.

There are a billion people on this planet living on less than $1 per day; that's poor.

At what income level does it become money mismanagement? $10K? $15K? $20K? Some other amount?

[freemkt]

Originally Posted by Petunia 100

He was "singing" the old Tennessee Ernie Ford hit "Sixteen Tons".

You load 16 tons, and what do ya get?
Another day older and deeper in debt
St. Peter don't 'cha call me cuz I can't go
I owe my soul to the company store

Thank you, I knew somebody would get it.

[freemkt]

Originally Posted by lkmax

Being in the middle class sucks. Try making $60k as self-employment income with no dependents. You'd be able to buy a brand new car with what you'd have to pay the IRS.

Bob Seger was part of the UMC, it didn't suck for him.

[mkpunk]

Originally Posted by freemkt

At what income level does it become money mismanagement? $10K? $15K? $20K? Some other amount?

It depends on who is looking at it because you see a lot of people on here that say at 20K even 15 and 10K can be cut-down (baring COL.)

[shaker281]

Originally Posted by freemkt

Bob Seger was part of the UMC, it didn't suck for him.

I believe Ol' Bob was aspiring to be a member of the UMC, or so he sang.
Though upper middle class is a bit more than just plain middle class, especially today.

[brocco]

Originally Posted by shaker281

I believe Ol' Bob was aspiring to be a member of the UMC, or so he sang.
Though upper middle class is a bit more than just plain middle class, especially today.

i believe ol bob was just observing the world around him

(as artists tend to do so eloquently)

[Petunia 100]

Well, I will ask Bob about it in March, when I will see him in concert during his Ride Out tour.